A global investment giant has become the second largest shareholder in Boohoo after it snapped up shares in the Manchester-headquartered fashion group.
JP Morgan has acquired a 5.1% stake in the group, according to newly-filed documents with the London Stock Exchange. The move means it is now the largest institutional investor in the group.
T. Rowe Price International is now the third largest investor, having slashed its stake from 9.7% to 5% in August.
